Campbell Soup Co Issues FY 2013 Guidance Below Analysts' Estimates

Campbell Soup Co announced that for fiscal 2013, it expects to grow sales between 10%-12%, adjusted EBIT between 4%-6% and adjusted EPS between 3%-5% and adjusted EPS to be between $2.51-$2.57. In fiscal 2013, the Company expects Bolthouse Farms to contribute approximately $750 million to sales. Including the estimated impact of purchase accounting and the suspension of the Company's strategic share repurchase program, Campbell expects Bolthouse Farms to add $0.05 to $0.07 to fiscal 2013 adjusted EPS. The Company reported sales of $7.7 Billion, EBIT of $1.2 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report sales of $8.48 billion, EBIT of $1.31, and EPS of $2.52 for fiscal 2013.